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Ko Dong-hwan

Korea Times Business Reporter

Covering the food & beverage industry, beauty, fashion, retail markets, the Ministry of Land, Infrastructure and Transport, the Ministry of Agriculture, Food and Rural Affairs and related people and entities worldwide

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Economy

Industry minister meets SME leaders

Minister of Trade, Industry and Energy Bang Moon-kyu, fourth from right, poses with the Korea Federation of Small and Medium Business (KBIZ) Chairman Kim Ki-Mun, fourth from left, and other KBIZ members at KBIZ headquarters in Yeouido, Seoul, Monday. KBIZ is the country's first economic association that the minister has met in person since his appointment last week. The minister talked with the business representatives and said that the central government will support their respective businesses to spur the country's exports, nurture future industries and innovate the country's key industries. Courtesy of the Ministry of Trade, Industry and Energy

Sep 25, 2023By Ko Dong-hwan
Industry minister meets SME leaders
Companies

Homeplus' private brand products hit store shelves in Mongolia

Korean major retailer Homeplus' private brand products are gaining attention from Mongolian consumers after the firm's distribution network expanded to the country earlier this month, according to the firm.

Sep 25, 2023By Ko Dong-hwan
Homeplus' private brand products hit store shelves in Mongolia
Companies

POSCO wins highest corporate partnership grade

Korea's leading steelmaker POSCO has won the highest level of corporate partnership index in an annual evaluation by the Korea Commission for Corporate Partnership (KCCP). The company said it is the country's only steelmaker that has been ranked at the highest level by the commission in its latest corporate partnership index evaluation.

Sep 24, 2023By Ko Dong-hwan
POSCO wins highest corporate partnership grade
Companies

CKD Kochon Foundation awards Ukraine health authorities for treating tuberculosis patients amid raging war

The Chong Kun Dang (CKD) Kochon Foundation has awarded Ukraine health authorities for their medical effforts to treat tuberculosis during the ongoing war with Russia, the Korean pharmaceutical company said Sunday.

Sep 24, 2023By Ko Dong-hwan
CKD Kochon Foundation awards Ukraine health authorities for treating tuberculosis patients amid raging war
Companies

Sangha Farm offers agricultural experience programs in Gochang

Sangha Farm in Gochang County, North Jeolla Province, is redefining theme parks. With thick forests, dairy farms and accommodating facilities, the venue demonstrates to visitors the meaning of people and nature coexisting in balance, according to company officials, Sunday.

Sep 24, 2023By Ko Dong-hwan
Sangha Farm offers agricultural experience programs in Gochang
Companies

Honey-dipped cookie to represent 'K-desserts' at global food expo in Germany

Korean traditional honey cookies, known as "yakgwa," have become the flagship product of over 53 Korean desserts and finger foods to be showcased at a global food expo in Germany next month, according to SPC Samlip, Thursday.

Sep 21, 2023By Ko Dong-hwan
Honey-dipped cookie to represent 'K-desserts' at global food expo in Germany
Companies

Asiana Airlines wins customer satisfaction award

Asiana Airlines CEO Won Yu-seok, second from left, poses with Korea Management Association Consultants President and CEO Han Soo-Hee, third from left, at The Shilla Seoul hotel, Thursday, after the airline won the Korean Customer Satisfaction Index Award 2023's flight category. The recognition was based on the airline's expansion of international routes following the end of the COVID-19 pandemic, as well as campaigns to encourage the public to travel, introducing new promotional events with hotels, banks and shopping malls, using recycled products and getting involved in social activities. Courtesy of Asiana Airline

Sep 21, 2023By Ko Dong-hwan
Asiana Airlines wins customer satisfaction award
Travel & Food

Shilla hotel in Da Nang recognized at World Travel Awards

Hotel Shilla's luxury resort in Da Nang has won recognition at this year's World Travel Awards by winning the Asia's Leading Lifestyle Resort category, the country's major hotel chain said Thursday.

Sep 21, 2023By Ko Dong-hwan
Shilla hotel in Da Nang recognized at World Travel Awards
Tech & Science

New industry minister demonstrates priorities with visits to nuclear plant, Busan port

Minister of Trade, Industry and Energy Bang Moon-kyu, center, speaks to an employee at Saeul Nuclear Power Plant in Ulju County in Ulsan, Wednesday. Courtesy of Ministry of Trade, Industry and EnergyBy Ko Dong-hwanKorea's new Minister of Trade, Industry and Energy Bang Moon-kyu visited a nuclear power plant under construction in Ulsan and a Busan port for his first day on the job, signaling the ministry's priorities under his watch.Starting his duty on Wednesday, Bang visited Saeul Nuclear Power Site in the southeastern coastal city of Ulsan and Busan New Port, the biggest port in Busan which sees 63 percent of the country's overall maritime international trade.Saeul power plant has two APR1400 reactors, the same model exported to the United Arab Emirates for the Barakah nuclear energy plant in Abu Dhabi. Reactors 1 and 2 at the plant are also the first APR1400s in Korea. Reactors 3 and 4 are currently under construction. Their construction was previously suspended during the previous Moon Jae-in administration when tensions divided the country on whether nuclear power should be aban

Sep 20, 2023By Ko Dong-hwan
New industry minister demonstrates priorities with visits to nuclear plant, Busan port
Companies

SK pharmteco acquires CBM in pivot to global genetic medicine market

A researcher works at CBM's viral vector researching facility in Philadelphia, Pennsylvania, the U.S. Courtesy of SK pharmtecoBy Ko Dong-hwanSK pharmteco's acquisition of American genetic medicine developer CBM has given the Korean firm an advantage in the principal genetic medicine markets in the U.S. and Europe, according to SK Group.SK, one of Korea's biggest conglomerates, said Wednesday its contract development and manufacturing organization (CDMO) subsidiary has acquired the Center for Breakthrough Medicines (CBM), a Philadelphia-based American CDMO for cell gene therapy (CGT). CGT is an emerging bio-medicinal technology that is anticipated to provide highly effective medicinal treatment.With the acquisition, SK pharmteco has prepared for itself complete pipelines for the development and mass production of chemical drugs and CGT in the world's two biggest medicine markets. The production capacity upgrade has placed SK among the world's five CDMOs with such infrastructure. In 2021, SK pharmteco expanded its European production capacity by acquiring Yposkesi, a French CDMO. CBM h

Sep 20, 2023By Ko Dong-hwan
SK pharmteco acquires CBM in pivot to global genetic medicine market
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